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    108 Greystone Road Eldon, MO 65026

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    Claim this Listing
    New
    For Sale
    Under Contract
    $127,500

    LAND - Eldon, MO

    Lot size:
    5.33 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 16 at 4:06 pm

    Property Features for 108 Greystone Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Exterior features
    GravelDriveway, Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    029032000000007001
    Lot size
    5.33 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT S2 NE4 NE4 E RD EXC PCL 7.2
    Tax Annual Amount
    386

    Building Details

    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    ASHLEY RACHELLE MENDOZA

    Listing agent ASHLEY RACHELLE MENDOZA License #2021000755

    Listing office Nettwork Global, LLC 16091 Swingley Ridge Road, Suite 210, Chesterfield, MO

    Listing date Apr 15, 2026

    MLS# 3586599 Listing URL

    Copyright © 2026 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Use Land in Eldon, MO

    This 5.33-acre property in Miller County is suitable for homesteading, hobby farming, or a private retreat. It features a fully insulated 26x32 shop with heating, cooling, a solid concrete floor, and three 9x8 overhead doors. An additional barn sits on a concrete perimeter foundation with a dirt floor. The land is fully fenced and gated and includes a stocked pond and open usable acreage. A gravel driveway provides access. With no zoning restrictions, the property is suitable to build, start a small farm, or create a self-sufficient lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eldon
    County
    Morgan
    State
    Missouri
    Longitude
    -92.493122
    Latitude
    38.346943

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.33 acres with shop, barn, pond, and no zoning.
    Where is this agricultural land / farmland located?
    The property is located at 108 Greystone Road Eldon, MO.
    What is the asking price?
    The asking price for this property is $127,500.
    What are key features of this property?
    This property features: 5.33 acres of usable land ready for homesteading, hobby farming, or a private retreat.; **Fully insulated 26x32 shop with heating, cooling, concrete floor, and three overhead doors.**; Fully fenced and gated property, ideal for animals.
    (573) 745-1341
    We can help!
    Listing Contact
    ASHLEY RACHELLE MENDOZA
    Real Estate License ID: 2021000755
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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